Spearman rank correlation of total change components (or of firm improvement components)
| Total change | Firm improvement components | |||||||
|---|---|---|---|---|---|---|---|---|
| WRDG | LP | OP | ACF | WRDG | LP | OP | ACF | |
| WRDG | 1.000 | 1.000 | ||||||
| LP | 0.9824* | 1.000 | 0.9794* | 1.000 | ||||
| OP | 0.9618* | 0.9912* | 1.000 | 0.9794* | 1.000* | 1.000 | ||
| ACF | 0.8912* | 0.8824* | 0.8647* | 1.000 | 0.8294* | 0.8059* | 0.8059* | 1.000 |
| Total change | Firm improvement components | |||||||
|---|---|---|---|---|---|---|---|---|
| WRDG | LP | OP | ACF | WRDG | LP | OP | ACF | |
| WRDG | 1.000 | 1.000 | ||||||
| LP | 0.9824* | 1.000 | 0.9794* | 1.000 | ||||
| OP | 0.9618* | 0.9912* | 1.000 | 0.9794* | 1.000* | 1.000 | ||
| ACF | 0.8912* | 0.8824* | 0.8647* | 1.000 | 0.8294* | 0.8059* | 0.8059* | 1.000 |
Notes: PW matrix (obs=16). *Statistical significance at 5 percent
Source: Estimated from GSO data